March 24, 2010

FDIC Failure List -- Bank Closure List Update

Last June, I wrote a post about the growing number of bank closures. I checked the FDIC web site and created the following tally.  By June 2009, there had been 45 bank closures, and the year was only half-done.

So, today, I thought I'd update that Bank Closure List.  Using the information from the FDIC bank failure list (and checking myself against a table of bank closures created by CNN.com), here's what I found: 

Oct to Dec 2000 - 2
2001 - 4
2002 -11
2003 - 3
2004 - 4
2005 - 0
2006 - 0
2007 - 3
2008 -24
2009 -- 140
      (Jan - June 28 = 45; June 29 - December 31 = 95)
2010 - 37 so far this year
      January - March 23 - 37

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